Current Oil Price

Post by **adam2** » 23 Feb 2011, 15:41

Brent has reached $110
WTI at a new high for the year.

lurker · Post by **lurker** » 23 Feb 2011, 18:53

Gold: 1403.00$/ounce.

Time for beria to sell his gold?

PS_RalphW · Post by **PS_RalphW** » 23 Feb 2011, 22:00

Brent over $112

Ludwig · Post by **Ludwig** » 23 Feb 2011, 22:06

lurker wrote:
Gold: 1403.00$/ounce.
Time for beria to sell his gold?

I doubt it - we ain't seen nothing yet.

The oil price is one thing - the decimation of currencies has still to happen :\

biffvernon · Post by **biffvernon** » 23 Feb 2011, 23:21

Ludwig wrote:the decimation of currencies has still to happen :\

No, that was just 40 years ago - anniversary last week.
http://news.bbc.co.uk/onthisday/hi/date ... 543665.stm

ziggy12345 · Post by **ziggy12345** » 24 Feb 2011, 06:44

The world economy collapsed when it hit $147. The economy is in tatters right now so I would think $125-135 would bring it all crashing down again.

It wont get over $150 and as soon as it starts dying down in Libya and Bahrain gold will also take a hit

Cheers

PS_RalphW · Post by **PS_RalphW** » 24 Feb 2011, 08:08

Brent Price has just hit $119. Given the 15 minute delay on the BBC
price it might be a lot higher now...

Mean Mr Mustard · Post by **Mean Mr Mustard** » 24 Feb 2011, 09:24

RalphW wrote:Brent Price has just hit $119. Given the 15 minute delay on the BBC
price it might be a lot higher now...

Expressed in £s is it already at a record? What was the £:$ when it hit $147? I seem to recall $1.90 or so as I was visiting Texas at that time.

PS_RalphW · Post by **PS_RalphW** » 24 Feb 2011, 09:48

http://www.miketodd.net/encyc/dollhist-graph3.htm

near enough $2 to the £. So $147 was about £73. Today
$117 is 1 / 1.62 = £72.

So yes, we are just about back at the peak.

Lord Beria3 · Post by **Lord Beria3** » 26 Feb 2011, 19:54

Agreed ludwig - you would be insane to sell gold, only when we go back to a Gold Standard globally maybe.

The dollar has only started to collapse... we are at the beginning rather than the end of the fiat currency die-off/rise of gold and silver story.

Aurora · Post by **Aurora** » 28 Feb 2011, 22:42

BBC News - 28/02/11

Oil price steadies despite Saudi Arabia protest fears

Article continues ...

It'll be interesting to see what happens to the price of crude after the 11th March.

UndercoverElephant · Post by **UndercoverElephant** » 01 Mar 2011, 15:47

http://www.bbc.co.uk/news/business-12610317

Petrol price hits record 130p per litre

Ho hum....

Aurora · Post by **Aurora** » 02 Mar 2011, 06:41

The Guardian - 01/03/11

Oil prices soared to more than $114 highest for two-and-half-years

Article continues ...

JohnB · Post by **JohnB** » 02 Mar 2011, 09:26

UndercoverElephant wrote:
Petrol price hits record 130p per litre
Ho hum....

That's old news around here!

PS_RalphW · Post by **PS_RalphW** » 02 Mar 2011, 17:04

Bonny Light and Louisianna Sweet hit $120 spot price.

Libyan crude is light and sweet. Hard to replace.

Expect disel prices to rise faster than petrol for a while...